The vast majority of global family offices do not have cryptocurrencies in their portfolios, according to JPMorgan Private Bank’s Global Family Office 2026 Report.
Despite the widespread sense of geopolitical risks, highlighted in the bank’s wealth report, appetite for traditional and emerging hedges remains limited: 72% of global family offices have no exposure to gold and 89% have no exposure to cryptocurrencies, according to the report.
In light of the latest bloodbath that engulfed crypto markets this past weekend, it is perhaps not surprising that family offices are choosing to rely on other approaches when it comes to hedging their portfolios.
“Despite the headlines and hype around cryptocurrencies and other digital assets, the vast majority of family offices (89%) remain on the sidelines,” the report says. “This could reflect a debate we are also having within JPMorgan: What role should cryptocurrencies and other digital assets play in a portfolio and, perhaps more importantly, how much should a portfolio hold, given their high volatility and inconsistent correlation with other assets?”
Looking ahead, around 17% of wealthy families said digital and crypto assets were a topic they would prioritize in the future. But this was overshadowed by AI, which 65% of families said they planned to invest in in the future.
On average, family offices allocate about 75% of assets to a mix of public stocks and alternative investments, with large-cap U.S. stocks dominating public holdings and retirement funds leading private ones, according to the report.
JPMorgan Private Bank interviewed 333 family offices in 30 countries; $1.6 billion was the average net worth of the participants.
“This report is more than a survey, it is the result of our collaboration with some of the most sophisticated family offices in the world,” said Natacha Minnit, global co-head of the Family Office practice at JPMorgan Private Bank.
